Core-Mark (CORE) Director Gary F. Colter Purchases 5,000 Shares

Core-Mark (NASDAQ:CORE) Director Gary F. Colter purchased 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 22nd. The shares were purchased at an average price of $18.34 per share, for a total transaction of $91,700.00. Following the purchase, the director now directly owns 119,473 shares in the company, valued at $2,191,134.82. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Core-Mark opened at $18.45 on Wednesday, MarketBeat reports. Core-Mark has a twelve month low of $17.10 and a twelve month high of $38.20. The company has a quick ratio of 1.07, a current ratio of 2.09 and a debt-to-equity ratio of 0.81. The company has a market cap of $841.85 million, a price-to-earnings ratio of 18.45, a P/E/G ratio of 1.18 and a beta of 0.59.

Core-Mark (NASDAQ:CORE) last posted its quarterly earnings data on Tuesday, May 8th. The business services provider reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. Core-Mark had a return on equity of 8.47% and a net margin of 0.19%. The company had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.80 billion. During the same period last year, the firm earned $0.11 EPS. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. research analysts forecast that Core-Mark will post 1.19 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Thursday, May 24th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, May 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 2.17%. Core-Mark’s payout ratio is 40.00%.

A number of research analysts recently issued reports on the company. BidaskClub downgraded Core-Mark from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 9th. BMO Capital Markets dropped their price target on Core-Mark from $23.00 to $21.00 and set a “hold” rating on the stock in a research note on Wednesday, May 9th. Zacks Investment Research upgraded Core-Mark from a “sell” rating to a “hold” rating in a research note on Friday, March 9th. Jefferies Group restated a “hold” rating and set a $23.00 price target on shares of Core-Mark in a research note on Thursday, March 1st. Finally, ValuEngine downgraded Core-Mark from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Two analysts have rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $27.83.

A number of institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. lifted its position in Core-Mark by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 353,718 shares of the business services provider’s stock worth $7,520,000 after acquiring an additional 8,066 shares during the period. Millennium Management LLC lifted its holdings in shares of Core-Mark by 292.5% in the 1st quarter. Millennium Management LLC now owns 97,461 shares of the business services provider’s stock valued at $2,072,000 after buying an additional 72,629 shares during the period. Segall Bryant & Hamill LLC acquired a new stake in shares of Core-Mark in the 1st quarter valued at approximately $2,976,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Core-Mark in the 1st quarter valued at approximately $249,000. Finally, Guggenheim Capital LLC lifted its holdings in shares of Core-Mark by 116.5% in the 1st quarter. Guggenheim Capital LLC now owns 96,169 shares of the business services provider’s stock valued at $2,044,000 after buying an additional 51,746 shares during the period. 94.89% of the stock is owned by institutional investors.

Core-Mark Company Profile

Core-Mark Holding Company, Inc markets fresh and broad-line supply solutions to the convenience retail industry. The company sells and distributes various food/non-food products, including cigarettes, fast food, candies, snacks, groceries, fresh products, dairy products, breads, beverages, other tobacco products, general merchandise and equipment, and health and beauty care products.

Insider Buying and Selling by Quarter for Core-Mark (NASDAQ:CORE)

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